Investors' Soapbox AM

Four Value Picks in Refining

In January's Great Light Louisiana Sweet Debate we felt refiner profitability would decline in 2013 due to narrowing West Texas Intermediate-Brent and that it would take some time for stress in Gulf coastal crude markets to widen WTI-Brent back out.

In early April we said "Take Some Profits, Downgrading PBF Energy (ticker: PBF)." To avoid WTI-Brent we've been hiding out in coastal names with catalysts...